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Mature Market Experts Stat of The Day: Americans Plan On Working Longer

Written By: Tom Mann - Aug• 04•09

Seniors working longer

Mature Market Experts: More mature market news and stats more often – According to a recent MSNBC story, after seeing their stocks and real estate take a beating, Americans seniors are turning to plan C for their retirement plans … working longer:

“The numbers are stark. An April survey by the Employee Benefit Research Institute found that 53 percent of American workers have put away less than $25,000 in retirement savings and investments. That figure doesn’t include home equity and the lump sum value of pension plans. Some 20 percent said they had saved less than $1,000.”

How will working longer effect seniors outlook towards retirement communities, long term care insurance, reverse mortages, and life settlements?

Source: MSNBC

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